Dharmaj Crop IPO subscription opens today: Check price band, allotment date and listing date on NSE, BSE

Dharmaj Crop IPO Date, Price Band, Allotment Date, Listing Date: Dharmaj Crop’s initial public offering (IPO) opens on Monday for subscription. The subscription window for the IPO of the agro chemicals manufacturer will end on November 30. 

Dharmaj Crop was incorporated in 2015 and is engaged in the business of manufacturing, distributing and marketing a wide range of agrochemical formulations to the B2C and B2B customers.

Dharmaj Crop IPO Price Band

Dharmaj Crop has fixed price band of Rs 216-237 a share for its Rs 251-crore initial public offering (IPO). The IPO is an offer for sale (OFS) of shares aggregating up to 14.83 lakh equity shares by existing shareholders. The IPO comprises fresh issuance of equity shares worth Rs 216 crore.

At the upper end of the price band, the Ahmedabad-based company would fetch Rs 251.15 crore.

The company has raised Rs 74.95 crore via anchor book ahead of its initial public offering. The company said it has finalised allocation of 31.62 lakh equity shares to anchor investors, at Rs 237 per share in its BSE filing.

Elara India Opportunities Fund, Resonance Opportunities Fund, and Rajasthan Global Securities - invested in the company via anchor book.

Elara India Opportunities Fund bought shares worth Rs 34.94 crore, Rajasthan Global Securities purchased Rs 25 crore shares whereas Resonance Opportunities Fund Rs 15 crore shares.

Dharmaj Crop IPO Allotment Date, Subscription Status 

Dharmaj Crop allotment date is December 6.

Dharmaj Crop IPO Listing Date NSE, BSE

Dharmaj Crop IPO listing date is December 8. Shares of Dharmaj Corp will list on both BSE and NSE.

Dharmaj exports its products to more than 25 countries across Latin America, East African Countries, Middle East and Far East Asia.

Elara Capital (India) Private Limited and Monarch Networth Capital Limited are the book-running lead managers to the issue.

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